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1. Given the following information on Big Brothers, Inc. capital structure, comp

ID: 2718180 • Letter: 1

Question

1. Given the following information on Big Brothers, Inc. capital structure, compute the company’s weighted average cost of capital (WACC). The company’s marginal tax rate is 40%.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Your Answer:

2.

Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the PI for the company’s project, assuming the company’s cost of capital is 8.59 percent. The initial outlay for the project is $300,302. The project will produce the following end-of-the-year after-tax cash inflows of

Year 1: $161,087

Year 2: $8,078

Year 3: $51,559

Year 4: $228,863

Round the answer to two decimal places.

Your Answer:

3.

Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $744,700.

Year 1: 180,700

Year 2: 179,900

Year 3: 143,100

Year 4: 188,800

Year 5: 145,700

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use Excel or financial calculator.

4.

Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping’s cost of capital is 6.32 percent. What is the NPV of a project if the initial costs are $1,446,720 and the project life is estimated as 12 years? The project will produce the same after-tax cash inflows of $603,269 per year at the end of the year.

Round the answer to two decimal places.

Your Answer:

Type of Capital Percent of Capital Structure Before-Tax Component Cost Bonds 47% 9.50% Preferred Stock 11% 17.71% Common Stock Please calculate it 13.59%

Explanation / Answer

1. Given the following information on Big Brothers, Inc. capital structure, comp